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Indian Business Directory |Suppliers|Exporters B2B B2C-KHOJinINDIA
Check out B2BGateway and ERPVAR's next webinar, 'Closing the Sale' on January 24, 2013. Log on to http://www.B2BGateway.net for more details!
Dollars, nickels and dimes - What do you really save with EDI?
In 2010, GS1 UK commissioned Professor Richard Wilding of the Cranfield School of Business Management to carry out a report on EDI (Electronic Data Interchange) with regard to the UK retail sector. Professor Wilding and his team performed exhaustive research and highlighted in great detail all the advantages that are normally associated with EDI: It's faster, data is more accurate, improved process efficiencies, cost savings and it eliminates paper. He also went one step further; he put the savings associated with switching from manual, paper-based processing to EDI processing into a monetary format (and even broke it down into separate sectors - Order, Invoice, ASN). For the purpose of ease and accuracy I have converted the reports Stg£ values into US$. These are the savings Professor Wilding and his team at Cranfield School of Business Management calculated:
· Orders: $23.00
· Invoices: $14.00
· Despatch Advice (ASN) $19.00
Total $56.00
As can be seen from the above, by switching from a manual paper based transaction to EDI you can save your organization $56.00 per transaction in dollars, nickel and dimes. To put this in real terms, if your organization was processing 50 orders per month, and with each order a matching invoice and ASN was required, your organization would be making savings of $2,800 per month by switching from paper to EDI. Obviously the savings are much greater the more transactions your organization makes.
If you would like to read Professor Wildings full report please click here. Alternatively, please visit one of our global offices on www.B2BGateway.Net or email [email protected] to see how B2BGateway can make your transition from paper to EDI seamless today.
Check out B2BGateway's parody of A Christmas Carol. Have a look and have a laugh. Happy Holidays from your friends at B2BGateway.net!
3PL's: Automate, Automate, Automate.....
In Real Estate we are always told the key to success is all about Location, Location, Location! I would like to try and bring this maxim to the world of Third Party Logistics (3PL), where I believe the key to success should be Automate, Automate, Automate! Having a smooth, successful supply chain operation can be achieved by automating as many tasks as possible. At B2BGateway we can help 3PL's achieve this by automating the entire business document flow between the 3PL, their clients and their trading partners. By introducing B2BGateway’s cloud-based EDI solutions, 3PL's can eliminate the need to re-key data into their ERP/WMS systems, giving seamless communication between all trading parties. Eliminating the need to re-key data will increase efficiencies, dramatically decrease errors and help contribute to a greater overall bottom line.
B2BGateway has been providing cloud-based, fully integrated EDI solutions since 1999 and we are highly proficient in the EDI X12 200 and 900 transaction sets. As a global organization we can also handle all international recognized data standards (X12, EDIFACT, Tradacoms, Eancom, Odette, XML, etc.) and all communication protocols (VAN, FTP, FTPs, AS2, etc.). For further details on B2BGateway's EDI solutions and services for 3PL’s please visit: http://www.b2bgateway.net/flipbook/3pl/3pl_prospectus.html
B2BGateway Hurricane Sandy Client Assistance
Although B2BGateway was able to weather Hurricane Sandy, we have found that many of our clients have not fared so well. Many clients located along the east coast of the United States are still without power. Most of these clients are running their businesses on generators and are expecting the power to be out for quite a bit longer. With that being said, if you have been affected by the storm and need assistance in streamlining your transaction processing in order to maintain business operations, please contact us either via phone or e-mail.
We should be able to help in any of the following areas at no cost to you.
Resending transactions
Sending transactions directly to your 3PL, and save your live orders until your systems are available
Sending your transactions via Human Readable format in an E-mail, to be printed at a remote location
Confirming your transactions send and obtain receipts for you
Posting your normally integrated transactions to a website for fulfillment
Holding all transactions on our system and slowly release transactions as the cancel date approaches
Auto-generating time sensitive 855 (PO Acknowledgements) if needed
Plus any other reasonable requests you may have
Please let us know if we can help in any way and we will be happy to lend assistance. We will also be reaching out by phone to clients in the affected areas. Our thoughts are with you. If you haven't heard from us, or if you have any questions, please feel free to give us a call at (401) 491-9595 or email [email protected] for more information.
B2BGateway's Newsletter 12
Why Outsourcing EDI may Make Sense for your Organization.
Although EDI (Electronic Data Interchange) has been around since the late 1970’s, it started gaining increased traction in the early to mid 1990’s. The increased popularity in the 1990’s was mainly due to a heavy push from large organizations with large transactional volumes to reduce costs and increase efficiencies through automation.
Unfortunately, the very thought of EDI, can be daunting for an organization that has not used EDI before or has limited IT resources. The initial reaction is that EDI has been ‘forced’ on their organization by a large retailer or trading partner. Terms such as ANSI X12, UN/EDIFACT, Tradacoms, VAN, AS2, seem like Double Dutch and better still, the traditional English language has been replaced by numeric values, e.g. a Purchase Order is now called an 850, an Invoice becomes an 810, a Ship Notice becomes an 856, and so on. After a short period in production, the new EDI user will suddenly understand the benefits of EDI for their organization – reduced errors, shorter order to payment cash cycles, and reduced costs.
As mentioned above, there are many standards and communication protocols associated with EDI – in North America ANSI X12 is the predominant EDI standard, whereas in Europe and the Far East a far more popular standard is UN/EDIFACT. Some trading partners prefer to communicate through a VAN (Value Added Network), whereas others will prefer AS2 or FTP. Add to this mix a myriad of 318+ recognized EDI documents, customized mapping and reporting functions and it is clear to see why EDI becomes a daunting task for any organization.
It is at this stage that outsourcing your EDI requirements should make sense to your organization. Outsourced EDI solution providers come in various shapes and sizes. Some providers will require you to invest in your own mapping solution and they then develop the maps. Then there are others, like B2BGateway.Net, that provide the entire service and are also the first point of contact between your organization and your trading partners to resolve any EDI issues that may arise.
For further information on B2BGateway.Net’s fully outsourced EDI solutions please visit www.B2BGateway.Net or email [email protected]